Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
Postal Life Insurance is a life cover scheme administered by India Post for eligible government and public-sector employees, with periodically declared reversionary bonuses.
PLI is life insurance from the post office — you get sum assured plus bonus at maturity or on a claim.
Plans include Whole Life (Suraksha), Endowment (Santosh), Anticipated Endowment (Sumangal), and others. Bonus rates are simple reversionary amounts per ₹1,000 sum assured, declared after actuarial valuation. Store rates with effectiveFrom for updates.
₹5 lakh endowment PLI for 20 years at ₹52/₹1,000 bonus accrues ₹5.2 lakh bonus before terminal bonus — estimate with the PLI Calculator.
Department of Posts PLI Directorate notifications after actuarial valuation of POLIF — never invent rates; update when DoP publishes.
Often considered under Section 10(10D) when conditions are met — confirm with a tax advisor for your policy.